China

“If Alibaba wanted to defraud investors, it absolutely could,” Mr. Block, the founder of Muddy Waters Research, told an audience of accounting students and aspiring investors at Baruch College in Manhattan on Wednesday. Mr. Block, 38, belongs to a small group of short-sellers who cut their teeth digging up corporate misdeeds on Chinese companies listed […]

The Chinese may not like bitcoin. And they may not want their banks doing any kind of business with anything bitcoin-related. But they aren’t going to be so vulgar as to ban it. In fact, they’ll even let their citizens waste their hard-earned yuan on it.

If the Mt. Gox founder would like to avail his company of all of the wonderful protections offered by Chapter 15 of the U.S. Bankruptcy Code, he’s going to have to spend a bitcoin or two on a ticket to Dallas.

The People’s Republic is doing its part to make sure the year 2014 is the cryptocurrency’s last, upping its December bar on banks trading in bitcoins to and outright ban on banks doing any kind of business with bitcoiners at all.

Earlier this week, SAC Capital agreed to plead guilty to insider trading and pay a $1.8 billion fine. Some people– namely, the Department of Justice, Steve Cohen and those who work for him– are, if not wildly pleased with the terms, at least prepared to go along with them, assuming it is approved this afternoon […]

…is a thing people, knowing his position on the country, have probably asked Jim Rogers before. And don’t think he hasn’t thought of it! Unfortunately, the investor is spoken for. Having said that, Rogers is thrilled at the prospect of his daughters’, ages 4 and 9 years-old, marrying one of China’s native sons and is currently accepting applications from potential suitors.

The US has become world’s biggest debtor nation in history, while China, Japan and South Korea are the major creditor nations. If the renminbi can be exchanged freely in the world, “I prepare to invest in China for 100 years,” Rodgers added. The smart investor keeps all Chinese shares for his young daughters: nine-year-old Happy Rogers and four-year-old Little Bee, and welcomes Chinese men as his potential sons-in-law. “He must be very intelligent, older than my daughter, and have had a wide variety of experiences in life, and a great career will be a plus,” he said at the forum. A Chinese student among the audience said he would try his best to meet the demands; the investor immediately gave his business card to the young man, which triggered laughter at the scene.

I guess it’s time for me to stop being amused when China does not-especially-Communist things, but still, I giggled a bit when I saw that China is liberalizing its short-selling rules at around the time that Western Europe is tightening its rules. Because freedom on the march, or whatever, though as David Keohane at FT […]

The sudden death of a billionaire in southern China is causing police to ask: Was it murder by cat meat? Long Liyuan, 49, died on Dec. 23 in wealthy Guangdong province after sharing a dish of slow boiled cat meat stew, a southern delicacy, with two men over a business lunch. One of the men, […]

Apparently they’ve been together for years? And say I love you though only because they have to? And are basically just fuck buddies but still apparently care enough to get upset and over-analyze the relationship to their friends? And sometimes China dresses up in leather and uses its 7 piece bondage kit on us?

It’s by now a familiar story of the financial crisis: German and Icelandic bankers keep finding themselves the owners of mortgages on grandmothers’ houses in Kansas, and it’s hard to decide which side is more befuddled by it. The Federal Reserve yesterday went one step further up the value chain, publishing an interesting discussion paper […]

China, the largest foreign holder of United States debt, said Saturday that Washington needed to “cure its addiction to debts” and “live within its means,” just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt…“The U.S. government has to come to terms with the painful fact that the good old days when […]

“Senior Chinese officials are appalled by the impasse among U.S. politicians on raising the nation’s debt ceiling to avoid a default,” said Stephen Roach, non-executive chairman of Morgan Stanley Asia. “Coming so shortly on the heels of the subprime crisis, the debate over the debt ceiling and the budget deficit is the last straw for […]

Related, the Rogers grandchildren may or may not want to request grandpa’s coin collection, rather than what he’s earmarked for them, should their opinions of China be more in line with those of Jim Chanos.

A delegation of more than 20 hedge fund operators, government officials and representatives of business organizations spent much of Monday visiting area firms and at a reception at the Stamford branch of the University of Connecticut, discussing their desire to establish a hedge fund community in FengXian, one of 18 districts that comprise Shanghai. Greenwich […]

“Due to the uncertainty over Sino-Forest’s public disclosures and financial statements, we have sold our stock and await the results of the independent committee’s investigation,” Paulson and Co said today.

“We are going to provide you with some information on why Muddy Waters research [on Sino-Forest] is a pile of crap,” said Richard Kelertas, an analyst at Dundee Capital Markets, during a conference call he held with clients on Tuesday afternoon. “We believe there’s nothing true in that report.” [FP, earlier]

Earlier this morning, Jim Paulsen popped by the Squawk Box set (via phone) for a chat about the death of Osama bin Laden. What does it all mean? According to Paulsen, what the US did told the world, “Hey world, we’ve got balls.” Killing OBL should do more to get the confidence back in the […]

As you may have heard, because he’s said it a bunch of times, were Donald Trump to be elected President of the United States, his first order of business would be to “deal” with this China situation. Specifically, Trump has said he’d tell the Chinese that “If you don’t stop manipulating your currency, we’re going […]

As Donald Trump has stated previously, were he to run for President (and he says he doesn’t want to but might have to because “the world laughs at us and they won’t be laughing at us if I’m president”), the first issued he’d tackle is “this business” with China. The Don says he’s uniquely to […]

As you may have heard, Donald Trump has announced he’s thinking about running for President of the United States. Item number one on his agenda, should he be elected? Dealing with this China business. According to the Don, “nobody, other than OPEC, is riping off the United States like China,” and he’s had it. “They’re […]

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Mar 22, 2011 at 11:13 AM

SAC

Mary Jo White was the top federal prosecutor in New York City during Bill Bratton’s first run as the Big Apple’s top cop, and she learned a few lessons from his “broken windows” theory: Clean a place up a little, and throw the fucking book at the street urchins who are messing things up with […]